U.S. CAPTIVE INSURANCE LAW
  • Welcome
  • Basic Information
    • Who Should Form a Captive?
    • Convert To A Pure Captive
    • How We Work
  • Following the Rules
    • Introduction to Anti-Avoidance Law
    • Substance Over Form
    • Sham Transaction
    • Step Transaction Doctrine
    • The Economic Substance Doctrine
  • Articles
  • Blog
  • About US

United Airlines' PR Disaster Perfectly Illustrates the Need For a Reputation Restoration Policy -- a Captive Specialty 

4/16/2017

0 Comments

 
    If you'd like to add captive insurance to your professional offerings and would like to become an affiliate, please contact us at 832.330.4101.

  We own and operate the first Montana based series LLC named Aegis.  We run it in conjunction with Aceterrus Insurance Resources​   

   Last week, footage of the Chicago Transit Police forcibly removing a United passenger went viral.  But just as shocking was United’s response.  Their first public statement will go down in public relations history as one of the most tone deaf responses ever.  It took the company 24 hours and three attempts before its communications contained the appropriate level of contrition.  In the intervening period, their stock price dropped and public perception of the company plummeted. 

     United is clearly a company that needs to engage in an aggressive PR campaign to right their image with the flying public.  If they had a captive insurance company (and, like most Fortune 500 companies, they probably do) and had the foresight to properly underwrite a group of business policies, they would have a reputational restoration policy that would reimburse the parent company for PR expenses and some of the lost income. 

   This is simply one more real world example where a captive could provide insurance not underwritten by traditional third party carriers.
 
 
0 Comments



Leave a Reply.

    Archives

    April 2019
    March 2019
    February 2019
    January 2019
    November 2018
    October 2018
    September 2018
    August 2018
    October 2017
    September 2017
    August 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016

    RSS Feed

  • Welcome
  • Basic Information
    • Who Should Form a Captive?
    • Convert To A Pure Captive
    • How We Work
  • Following the Rules
    • Introduction to Anti-Avoidance Law
    • Substance Over Form
    • Sham Transaction
    • Step Transaction Doctrine
    • The Economic Substance Doctrine
  • Articles
  • Blog
  • About US